$AFB

$10.13 +$0.22 (2.22%) Close

$AFB Overview Financial Statements SEC Filings Executives News Red Flags Capital Raising Ownership Insider Transactions Congressional Trades

Ownership

13F as of Q2 2026 · 28.7M shares outstanding

Who owns AFB?

By type of holder

Institutions 63.7% Insiders 20.8% Everyone else 15.5%

Concentration Top 10 holders own 49.6%

Karpus Management, Inc. 12.5% · Pathstone Holdings, LLC 10.0%

Institutional ownership

63.7%

+7.9 pts vs last qtr

Institutional holders

-4 vs last qtr

Net shares bought

+2.3M

by institutions in Q2 2026

New / sold out

13 / 17

positions opened vs closed

How is ownership changing?

Institutions, last 8 quarters

Biggest buyers in Q2 2026

Karpus Management, Inc. NEW +3.6M
Raymond James Financial Inc +278.0K

Biggest sellers in Q2 2026

Saba Capital Management, L.P. SOLD OUT −459.3K
Rareview Capital LLC −250.2K

Who is planning to sell?

No insider has filed a notice of proposed sale (Form 144) for Alliancebernstein National Municipal Income Fund Inc in the last 12 months.

Is your stake being diluted?

There are not yet two fiscal years of reported share counts for Alliancebernstein National Municipal Income Fund Inc.

How patient are the owners?

Institutional shares by how long they've been held

5+ years22% 3–5 years23% 1–3 years26% Under 1 year28%

Quarterly turnover

20.0%

of institutional shares changed hands

Top 10 managers, median time held

4.5 years

Super Investors

Investment managers reporting AFB on Form 13F

Holder	Shares	% of company	Change vs last qtr	Held since	% of their book
KM Karpus Management, Inc.	3.6M	12.54%	NEW	Q2 '26	1.2%
Shares held by quarter Peak holding3.6M (Q2'26) Change over 8 quarters+3.6M Share of the company12.540% Karpus Management, Inc.'s full portfolio →
PH Pathstone Holdings, LLC	2.9M	10.03%	−205.3K (−6.6%)	2023	0.1%
Shares held by quarter Peak holding3.1M (Q1'26) Change over 8 quarters+850.3K Share of the company10.030% Pathstone Holdings, LLC's full portfolio →

Karpus Management, Inc.

3.6M

% of company

12.54%

Change vs last qtr

NEW

Held since

Q2 '26

Pathstone Holdings, LLC

2.9M

% of company

10.03%

Change vs last qtr

−205.3K (−6.6%)

Held since

2023

28 more super investors behind a free account

See every manager holding Alliancebernstein National Municipal Income Fund Inc, how their position has changed, and how long they've held it.

Institutional Funds

Mutual funds and ETFs reporting AFB on Form N-PORT; together they hold 7.8% of the company

Fund	Position value	Shares	% of company	% of the fund	As of
IT The Intermediate Term Municipal Bond Portfolio HC Capital Trust	$4.85M	453.6K	1.58%	0.86%	March 31, 2026
RF RiverNorth Flexible Municipal Income Fund II Inc. RiverNorth Flexible Municipal Income Fund II Inc.	$4.48M	393.0K	1.37%	1.26%	June 30, 2026

The Intermediate Term Municipal Bond Portfolio

HC Capital Trust

Position value

$4.85M

% of company

1.58%

% of the fund

0.86%

As of

March 31, 2026

RiverNorth Flexible Municipal Income Fund II Inc.

Position value

$4.48M

% of company

1.37%

% of the fund

1.26%

As of

June 30, 2026

10 more funds behind a free account

See every fund holding Alliancebernstein National Municipal Income Fund Inc and how much of the fund the position is.

Insiders and 5%+ holders

From Forms 3/4/5 and Schedules 13D/G

Holder	Shares	% of company	Change vs last qtr	8 quarters	Held since	% of their book
BR Boaz R. Weinstein 5%+ holder 13D · 4.9%	1.4M	4.89%	—	—	—	—
This holder reports through Schedule 13D/G, not a quarterly 13F. Share of the company4.890% Disclosed stake13D · 4.9% View the 13D/G filing →
GR Gerken R Jay Insider	2.5K	0.01%	—	—	—	—
Insider holdings come from Form 3/4/5 filings, which are not quarterly. Share of the company0.010% Gerken R Jay's insider activity →

Boaz R. Weinstein

5%+ holder13D · 4.9%

1.4M

% of company

4.89%

Change vs last qtr

—

Held since

—

Gerken R Jay

Insider

2.5K

% of company

0.01%

Change vs last qtr

—

Held since

—

Comments